Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0960%/8h= +105.1% APRpaid last 24h +0.048%

Price spread now: Bitget against Injective−1.480%101s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Bitget is 1.480% cheaper against Injective than usual: you would sell low and buy high (spread −1.480% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$148 on $10k: about 5.1 days of funding at the current rate (+$29 a day). The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective XPT/USDC PERP	1,809.9	0.0220	pay 0.0028% / 1h	47m 39s	$6K	$34K	52x
Short	Bitget XPTUSDT	1,783.1	0.1180	get 0.0590% / 4h	1h 47m	$1.4M	$513K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee BitgetbpOrdersPrice spread, now −1.480%Rate

Funding earned: $201.6
Price spread: −1.480% → 0.000%: −$147.96
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bitget: 6 bp × 2 orders: −$12
Net: $41.62
Costs to cover: 0.120%
Break-even: 5.6 days

Slippage unknown: Injective: no order-book sample; Bitget: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Injective no order-book sample	—	—	—	—	—
Sell Bitget live order book, 4 min ago	2.41 bp	13.4 bp −$13	31.0 bp −$310	84.0 bp −$8,399	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XPT on 21 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX XPT-USDT	0.0000%	4h	1,783.8	−1.439%	$11K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,780.4	−1.630%	$228	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,781.5	−1.569%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,780.5	−1.627%	$13K	$29K	10x	as long as short
tradeXYZ xyz:PLATINUM	+0.0155%	1h	1,781.7	−1.558%	$3.6M	$1.1M	20x	as long as short
Injective XPT/USDC PERPlong	+0.0220%	1h	1,809.9	long leg	$6K	$34K	52x
Aevo PLATINUM-PERP	+0.0528%	1h	1,784.3	−1.416%	$303	—	10x	as long as short
KuCoin XPTUSDTM	+0.0546%	4h	1,784	−1.429%	$238K	$42K	75x	as long as short
Paradex XPT-USD-PERP	+0.0594%	8h	1,783.6	−1.452%	$3K	—	5x	as long as short
Extended XPT-USD	+0.0656%	1h	1,780.7	−1.613%	$201K	$630K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPT	+0.0672%	1h	1,784.8	−1.386%	$353K	$18K	20x	as long as short
Gate XPT_USDT	+0.0794%	4h	1,785	−1.374%	$717K	$535K	100x	as long as short
Aster XPTUSDT	+0.1086%	4h	1,783.7	−1.444%	$15K	$10K	20x	as long as short
Variational Omni XPT	+0.1118%	4h	1,785.9	−1.324%	$260K	$194K	—	as long as short
BloFin XPT-USDT	+0.1144%	4h	1,786.1	−1.316%	$94K	$69K	100x	as long as short
edgeX XPTUSDC	+0.1153%	4h	1,785.9	−1.326%	$39K	$282K	10x	as long as short
Binance XPTUSDT	+0.1155%	4h	1,783.4	−1.466%	$4.5M	$4.8M	100x	as long as short
MEXC XPT_USDT	+0.1156%	4h	1,783.3	−1.467%	$23.3M	$636K	100x	as long as short
Bitget XPTUSDTshort	+0.1180%	4h	1,783.1	−1.480%	$1.4M	$513K	100x
GRVT XPT_USDT_Perp	+0.1288%	4h	1,785.8	−1.331%	$205K	$802K	25x	as long as short
OKX XPT-USDT-SWAP	+0.1301%	8h	1,784.1	−1.425%	$1.0M	$732K	50x	as long as short